| Deeds said: I read that article in Malstrom's blog and I strongly disagree with his conclusion that the analysts are fanboy frauds. The way I see it is that people forget that Sony is a large global comany that's indebted to banks, i.e. they owe major international banks money (probably billions). These "analysts" I believe work for companies that either have a relationship with these banks or is owned by them. Remember, Nintendo has little or no debt. These "analysts" are simply paid to back Sony. |
Happily or unfortunately, depending on your outlook, real conspiracy is quite rare because it takes cunning, leadership and the ability to keep a secret. What is often mistaken for conspiracy is usually incompetence, misjudgment or plain mischance which are all more common things.
Analysts don't like to take chances so they stuck with the conventional wisdom that Sony would do well because they had done so in the past. It is also easier to recognize and evaluate the effect of technological refinement (HD graphics) then than true innovation (motion control). The more brilliant analysts like Malstrom recognized early on that things were different. Others like Michael Pachter took longer. The real hacks haven't figured it out yet.
